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>>abirached: this week on world business... >>toyota lost its worldwide reputation for reliability after this year's humiliating recalls. so canthe company recover and if so how? >>sales are down, the brand perception is down . . . they are already worried about how their image will be impacted in china. >>a new take on teaching - the education entrepreneurs shaking up the school system in the us >>things that the old system perhaps took for granted and didn't challenge the new entrepreneurs arestarting to challenge. >>and how one man and his dog changed the fortunes of a tiny cheese factory in northern england >>grommit, that's it, cheese. >>abirached: hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. so far 2010 has been a disastrous year for toyota,with mechanical and electronic faults plaguing its vehicles, including steering problems, sticky gas pedals, suspect brakes and runaway electronic throttles. so what went wrong with this flagship japanese company and can toyota recover? >>reporter:
those words with an announcement that it will seek a fine against toyota of $16 million for failing to notify officials . starting as off is dave shepardson of "detroit news." many people saw the headline -- regulators seeking a fine of $16.40 million against toyota. the statement said "if upheld." why does it say that? >> toyota gets to formally denied decide whether it wants to appeal the fine. this is by far the largest ever find that nhtsa has sought to impose. the previous was $1 million against general motors in 2004. the amounts are symbolic, given that these are companies with hundreds of billions of dollars in revenue. $16 million is a rounding error for them. >> what happens next? have you heard from toyota? if it goes to court, how long would the process take? >> toyota has two weeks to respond and say they will pay the fine or challenge it. nhtsa has to decide if it is going to uphold the fine. if toyota continues to challenge it, they will go to the district court to get a job to uphold it. that process could take several months if toyota decides to fight it. >> the tra
employers are expected to attend. >> in the daily toyota update, they'll fork over millions of dollars of cash to the government. toyota agreed to pay a fine of $16 million the government says that the auto maker delayed a recall over gas pedals and toyota has until today to contest or accept the fine. >> hours from landing or possibly a day. the astronauts are watching the skies below them this morning. they're watching mission control and bad weather in florida could prevent the shuttle from touchingdown today. here's the latest from wjz-13. >>> >> reporter: discovery will touchdown with 2 1/2 tons of trash and discarded equipment from international space station. it was a mission with unexpected challenges including a faulty valve and a jammed latch. >> we've literally had blow after blow come at us and we've handled each one in smart fashion. >> reporter: stephanie wilson used this robotic arm to overcome this problem with the giant storage bin after the latch stuck. >> good job, ladies. >> reporter: nasa is going to fix it with a future space walk and three space walks upgraded eq
the vatican earlier this year. >>> nbc news has learned that later this morning toyota is expected to sign paperwork for information relating to its sticking gas pedal recall. according to a department of transportation official, by paying the record $16.4 million fine, the maximum allowed by law, toyota is accepting responsibility for hiding the safety defect. the japanese automaker is expect ed to pay the penalty before going to court while they're not expected to admit to any specific wrongdoing. >>> and now here's a look at some other stories making news today early today in america. new york police are asking for the public help asking for the identity four young women. two of the women distracted a store clerk while the others stuffed merchandise into their shopping bags. employees describe the suspects as very young, possibly high school or college students. >>> some 50 new jersey residents are out of house and home this morning after a massive fire ripped through two apartment buildings. firefighters say they had trouble getting blaze under control but amazingly there were no injur
over the double yellow line and crashed into a toyota with several children ages two to 11 inside. the driver of the toyota was killed. witnesses say the van was going dangerously fast. >> flipped up in the air and knocked the street light down off the post. it flipped two times before it hit the ground. i mean this guy was booking. and i mean he hit this car so hard to throw the van up in the air like that, i know he was passing me at every bit of a hundred. >> one of the children is now said to be in critical condition. we don't know yet whether charges will be filed. >>> police have released a time line leading to the death of a d.c. middle school principal. investigators say it is likely brian betts was killed sometime after 11:30 wednesday night. the investigate centers around betts' home in silver spring. the vehicle was dumbed in southeast d.c. between noon and 3:00 p.m. try. witnesses saw two people get out of that vehicle and run away. >> i don't believe this was a random act. while we can't fully rule out that it might be random being we believe that there was some conne
. >>> we're also going to have the new announcement from toyota about its suvs after this latest report of a possible rollover hazard in one of its most expensive lexuses, new in the next half hour. >> all of the freebies we talked about that you're going to get because you did your taxes today we have them listed on our website that's cnn.com/robin. >>> do you need a little help getting out the door on time? you might want to sign up for my free wake-up call, another free thing today. dial 1-800-robin-hln, tell me what time to call. it will be me on the line. >>> if you hate taxes there's no bigger day than today. the tea partiers have big plans all over the country, they're also naming the politicians they want out of office. >>> plus there's no car on the road like this one. how soon before you can buy it? - hello! - ha! why don't you try a home cooked meal... with yummy hamburger helper? oh! tada! fantastically tasty, huh? ummm, it's good. what would you guys like? hamburger helper. what?! one pound... one pan... one tasty meal! 's a youing ic lowi kn [ male announcer ] t1-25[ 4 tht
this 5-year-old. >>> still ahead, toyota paying a record fine for not alerting u.s. officials about a dangerous pedal defect. the automaker said it did not break the law. could the judge in the casey anthony trial be taken off the case? we'll tell you what's going on with that big story. man: be kind to your eyes with transitions lenses. transitions adapt to changing light so you see your whole day comfortably and conveniently while protecting your eyes from the sun. ask your eyecare professional which transitions lenses are right for you. woman: discover the protection, comfort and convenience of transitions lenses for the entire family at transitions.com/walmart or visit a walmart vision center today. and wear hats. i was always the hat guy. i can't even tell you how much it's changed my life. [ male announcer ] only rogaine is proven to regrow hair in 85% of guys. no more hats. [ male announcer ] stop losing. start gaining. no more hats. if you could see how nature made fish oil protects your heart, you'd be glad you take it. its omega 3's strengthen your cell walls so they stay
and the protests are headed to our area. we'll explain. >>> more reaction from toyota following the latest setback. we'll have more. ♪ my subaru saved my life. i won't ever forget that. love. it's what makes a subaru a subaru. >>> toyota says engineers are working to correct the stability problem on the 2010 lexus gs 460. because of rollover danger, the magazine consumer reports slapped a do not buy rating on the truck. toyota immediately stopped selling these models in the united states. toyota says it does plan to testing the safety of all of its sport utility models one more time. >>> a 9-11 style terror plot has been uncovered in iraq. u.s. security officials say iraqi forces kept it from happening. they arrested two men who are allegedly part of al-qaeda in iraq. they weren't far in their planning but they did apparently plot to hijack airplanes and target crimes. >>> michelle obama met with her mexican counterpart yesterday. this is bels obama's firefighters solo foreign trip. next month, president obama and the first lady will hold a state dinn
. >>> the latest this morning on the efforts to resume flights grounded by disruptive volcanoes. >>> plus toyota is taking action after "consumer reports" magazine advised drivers not to buy a new lexus suv. >>> and things looking up in the forecast. your weather and traffic are next. >>> good morning, time for weather and traffic on this tuesday morning, on tom kierein in storm center 4. we have temperatures around the metro area in the mid and upper 40s. but the shenandoah county getting some patchy frost possible. warren, shenandoah, page, rockingham and augusta counties, high clouds coming in from the west, ahead of the rain-maker that will be here tomorrow morning. for this morning, high clouds around, we'll have sunshine, low 60s by noon. and upper 60s during the afternoon hours. and cloudy tonight, down to near 50 by dawn tomorrow when we'll likely have light rain moving in from the west. occasional light rain tomorrow, highs low 60s. thursday, some sunshine back into the upper 60s. and upper 60s on friday and partly cloudy. a look at the weekend in ten minutes coming up at 4:51. >>> now
a key driver here. toyota was offering big incentives. a toyota auto executive said his company sales rose by 40% in march. hyundai says it u.s. sales rose as much as 18% last month compared to the previous year. auto nation's ceo will join us in the next hour and we'll learn more about what he's learning in terms of car sales. >>> meanwhile, tim geithner says the u.s. economy is still in a tough spot, but slowly on the mend. he saw down with nbc's matt lauer. >> you'll start to see businesses across the country start to add to payroll again. that's going to come -- the economy is growing now. that's the first step. but with growth, more jobs will come. but the unemployment rate is still terribly high, and it's going to stay unacceptably high for a long period of time. it's going to take a long time to bring it down just because of the damage of the recession. >> in a meeting yesterday in pen ben, geithner read with steelmakers. next week, he leaves for a trip to india. >>> we want to get a check on the markets as we begin the second quarter. wow, futures are looking pretty good here
they don't think any of the kids ingested the drugs. >>> and more trouble for toyota. the automaker is recalling 600,000 sienna minivans made between 1998 and 2010, this year. toyota says too much exposure to road salt may cause the cable holding the spare tire to fall, putting nearby vehicles in danger. toyota says it's working on the problem and advises owners to bring their siennas into dealers for an inspection. >>> well, they think they have found the piece of a meteor in wisconsin. scientists -- you see some video here -- but there was a fireball in the sky last week. now university of wisconsin add madison scientists say they believe they have found a fragment from a meteor. now, it lit up the sky earlier this week. i believe it was on wednesday. now a man has found a peanut-sized rock that he says hit the roof of his home. here's a look at some of the video once before. now, this is a big deal to amateur astronomers and scientists, a rare event to get ahold of possibly a piece of a meteor. you have people out there who market and collect these things, who sell and trade thes
magazine warned its readers not to buy the lexus 2010 gx 460. that's because of rollover dangers. toyota owns the lexus brand and the lexus gx 460 owners can get a loaner car while the company figures out the problem. the national highway transportation safety administration will also conduct tests on that vehicle. >>> today thousands of people are using tax day to show their frustration with the government. they are headed to washington for a series of protests and rallies. live look now at the washington monument where one of those demonstrations is scheduled to take place later this morning. news4's tracie potts reports. >> reporter: amid today's last-minimum tax rush the irs admits it's already overpaid almost 30 million in refunds over new tax credits. >> the tax man cometh. next few years, will he be coming with a vengeance. >> reporter: taxes are lower this year but experts say expect them to go up as the government trace to cover massive deficits. president president obama is trying to get wall street to do their part. >> expecting taxpayers to bail them out when things go sour i
, hundreds of crashes, and, a massive fine for safety violations, for toyota, it seems like there is more bad news every day. so why are sales booming? for the automaker? and, many of you watched the story unfold live, here on "happening now" a texas man, crashes his light plane, into an irs building in austin texas. now the 911 calls from that terrifying day, are out. we'll play some of them, in just three minutes. >> witnessed a plane crashing on 183 southbound... we think it hit a building, the echelon building. >> a plane... >> yes. a private plane. [ female announcer ] grass stains, believe it or not, i have missed you. pollen in the air kept hunter cooped up itching his eyes and sneezing. but now i found zyrtec®. it's #1 allergist recommended. with children's zyrc® he can get 24-hour allergy relief indoors and outdoors. ♪ now he can run wild... with the rest of the pack. with children's zyrtec®, he can love the air®. and now try children's zyrtec® perfect measure®. a premeasured spoon. just twist squeeze and go™. it says that when you buy whoa grand caravan,? a premeasured spo
. >>> toyota waited 5 months before telling the u.s. government about pedals in their cars. the company was going to con at the presencontestthe fine. toy at toyota knew about the stg pedals but didn't notify the government until november. >>> things like urinating in public, and smoking where it's banned and even spitting. and joel d smith is live with more on that. >> reporter: good morning, patrice. this comes after president jack young was touring the bar district about the closing time over the weekend. he saw a lot of things you just mentioned. now he said he has seen enough. he wants to change the current laws on the books and make the fines heavier. here is the examples we're talking about, people drinking and holding open containers of alcohol in public could be fined as much as $500, the 10 times the kusht personality. smoking at indoor establishments, adults, found urinating or defecating could be find $1,000. that is twice the current fine. they are called nuisance crimes and jack young says in addition to helping the city'sy mags it't could also help the bottom line. >> it
is in the news now, toyota will reportedly pay more than $16 million over recent safety issues. the associated press says they will pay for a four-month delay in reporting gas pedal troops. >>> thai leaders sent troops to the business district amid fears of protests. >>> if you thought our weekend was chilly, check out this, six inches of snow fell in new hampshire. most of it should melt early in the week. >> a couple of inches of snow in killington, vermont. there is still time. >> just waiting for your forecast. >> it is a cold start to the day. we will warm up to cool levels this afternoon and this week, well, we will struggle to get to the 70-degree mark by the second half of the week but there will be a price to pay that you may not like too much. the forecast the next flee days. chilly this morning. cool this afternoon. 65. nice tomorrow near 70 in a few spots and showers with highs in the mid-60s. the momslikeme.com forecast. i have been on the weather terrace with a jacket and gloves and i'm glad i was. it is cold out there. 30s and 40s. some areas gusting over 20 miles an hour. the u
at a time. >>> we have news of an important recall. toyota is recalling the 2010 lexus gx 460 suv to address problems with the stability control system. this affects 9400 vehicles since the mall opened on sale in december. it halted sales of the vehicle last week after consumer reports listed adult by warning because of a high rollover risk. >> the supreme court is considering a case that could have an impact on how you use your work issue cellphone or blackberry. justices heard arguments yesterday in a case brought by police officers in ontario, california. they accused the department of snooping after an audit of messages on department issued devices uncovered sexually explicit text messages. the high court will rule on it later this year. >>> coming up, the fight over financial reform. president obama watched wall street to shake up while its biggest player prepares for battle with regulators. >> the capitals rallied on a road, taking the lead in the series. we will have highlights. >> another check on traffic and weather every 10 minutes. >> another check on traffic and weather every 10
. >> in the past year we have heard so much about cars from, you know, run away toyota to basically the class of the automotive industry about a year ago was when we started hearing about the turmoil and the bailouts. how are things looking now? what a difference a year makes. >> yeah. >> a year ago toyota was the number 1 seller in the country, battling undertake it out, duking it out with general motors, ford was number 3 and chrysler was number 4. so we had bankruptcy for general motors, bankruptcy for chrysler, and nobody could have for seen toyota's problems coming. ford has catapulted to number 1. >> how did they do that? >> well the first thing is they didn't take the government money, and the consumer responded very favorably to that. in fact, chrysler and general motors, in my opinion, are feeling quite a bit of backlash from taking government money. in the case of chrysler, today, chrysler fleets, fleet sells, 55% of their cars are a recipe for disaster. if you were buying a chrysler product today and you drove it out of the show room you're gonna lose 50% of the value instantly bec
's interesting. >>> toyota is now recalling cars because of a deceleration problem. jennifer westhoven, good morning. this is the toyota sequoyah suv. you come to a stop sign, and you go to hit the gas, and the acceleration is not catching. this is for the 2003 models. if you have one, contact your toyota dealer for repairs. >>> let's check your family finances two new resources. the new york stock exchange has a site called money sense for advice for saving for retirement, taking out a loan, creating a household budget. maybe if you don't have a 401(k), you may feel i don't know where to go on the web to learn these things. here's something for when you want to teach your kids financial lessons. they are making a e ing ing a cd warren buffett secret millionaires club. he has simple lessons kids could learn. he says things like derivatives are weapons of mass destruction. >> he's classic for the one lines. >> they there will be 26 episodes that will be online to help kids form good money habits. back to you. >> kids of all ages. we can all tune in. >>> the other woman in the john edwards sca
insisting the vehicle is safe. we'll tell you what else toyota is saying that moment. >>> two of al qaeda's leaders taken out during a u.s. raid north of baghdad. we'll tell you what the sign of strength might mean for u.s. troops in the region. >>> the a.m. fix blog is up and running. the conversation is ongoing right now. we would like to hear from you about anything in the news. go to cnn.com/amfix. we'll be reading your comments throughout the morning. >>> first though, the volcano eruption is getting stronger this morning sending a new plume of ash 15,000 feet into the sky. fr forecasters say it's spreading over the u.k. and could complicate flights this morning, especially in london. europe's air traffic agency says less than a third of flights scheduled to take off yesterday actually got off the ground. millions are still stranded on both sides of the atlantic and thousands living out of carry on bags at airports all over the board sharing soap and living off of in-flight snacks. the state department says 40,000 americans are stuck in great britain alone. rob marciano has the
, breaking news on the consumer from steve liesman and smoking gun at toyota. e-mails sent in january warning the company it should come clean about its recall problem. all that still ahead as "squawk box" continues. >> announcer: as we head to the break, here's a look at the widely held stocks. "squawk box" on cnbc returns after this. we are first in business worldwide. >>> here's a disturbing story. a senior toyota executive tried to warn the automaker that it needed to "come clean" on a safety defect affecting accelerator pedals according to an e-mail sent back in january. phil lebeau joins us now with more. phil? >> it was sent from erv miller who retired from toyota shortly after the recall of defective pedals was sent out. it's one of 70,000 documents being looked at in washington and the damaging part of this e-mail from erv miller says that we have a tendency for mechanical failure in accelerator pedals of a certain manufacturer on certain models. we are not protecting our customers by keeping this quiet. the time to hide on this is over. we need to come clean. i believe that jim lent
save money by combining operations. >>> just five days before toyota's historic recall, an executive warned colleagues they needed to come clean about acceleration problems. e-mail from that executive revealed strong concerns that toyota officials were not properly addressing safety problems. toyota has declined to comment. the automaker has recalled more than 6 million vehicles in the u.s. >>> well, here is a look at the thursday forecast. there will be rain along the coast in the pacific northwest and snow in the mountains of montana and idaho. showers and thunderstorms are possible from the gulf coast to the northeast. >> the east coast will see another warm day before a big cool-off by tomorrow. the midwest will be a little cooler than usual with minneapolis and fargo in the 50 southwest is sunny and seasonable with phoenix and l.a. in the 80s. >>> the french spider-man is back doing what he does best. climbing tall buildings and being arrested. elaine robert returned to his home in paris where he scaled a 607-foot office building. police were of course waiting for him at the top
to recover. -- >> the other shooting victim is expected to recover. >>> an anonymous official from toyota says the company is not directly admitting fault but wants to move on. the$16.4million the largest government penalty ever issued. federal investigators say toyota waited for four months to report problems with the gas pedal and issue a recall. >>> an update now on the developing story involving volcanic ash from iceland. experts say now it could reach the canadian coast today. some care lines have safely tested the air over northern europe but meteorologists warn that the ash cloud is still unpredictable and still potentially dangerous. europe other than union officials say about half of the flights scheduled for today should be able to operate. britain's major airports will stay closed through tomorrow morning. that is prompting the british government to announce it will send navy ships across the english chan told pick up some of the thousands of britons stranded by the ash cloud. >> we try to do the best. we saw washington now. we walked all over the places. museum tours, the wash
:42. still ahead, the latest recall ordered by the carmaker toyota. this one involves more than 10,000 subs. and a new iphone, an apple employee may have lost the prototype in a bar. and now pictures of it have been found on the internet. stay with us. >>> toyota is issuing another recall this morning. but this time the company is calling it a quick fix. the automaker has recalled the 2010 lexus gx 460 suv to address a potential roll over problem. nearly 10,000 of the vehicles have been sold in the u.s. since it came out in late december. toyota now says it will fix the problem by updating the stability control software program. in the meantime, sales of the new gx 460s have been temporarily halted. if you go to george washington university or you work there you may want to hold off buying a new ipad. the school says it's its network is having problems with apple's hot new product. gw says use areas can't log onto the network with ipad and may not be able to do so for nearly a year. the problem has to do with the school's authentication system. other colleges including princeton are also ha
are calling her major fashion don't. not carrie! >>> plus, toyota has decided whether it wants to fight a $16 million fine for the sticky gas pedal problem. when i grow up, i want to fix up old houses. i'm going to work with kids. i want to run a marathon. [ female announcer ] at aarp we believe you're never done growing. i want to take him on his first flight. [ female announcer ] discover the best of what's next at aarp.org. here's what we can do with 4g from sprint. using the overdrive 4g mobile hotspot, jimmy's playing some video game online, jenny's video-chatting with a friend, and i'm downloading a huge presentation. and while that's happening, we'll enjoy some family time. [ computer beeps ] that was good. what can you do with 4g? [ male announcer ] experience 4g from sprint. it's more than a wireless network. deaf, hard-of-hearing and people with speech disabilities, it's a wireless revolution. access www.sprintrelay.com. >>> our military folks watching, today's salute is for an entire family, actually. it is from bruce and vivian kimball to their four children in the air force. two
block of alabama avenue in southeast. the driver of that toyota was killed after being struck by a speeding van. a child who was riding in that vehicle is said to be in critical condition. of his in the car. witnesses say the van was traveling dangerously fast. >> i was coming down and the traffic was slowing up right here and i looked in my rearview mirror and this van was coming. it seemed like to me he was doing about 100 miles per hour. he pulled on the side of the incoming traffic and he hit the car right there and that was pretty much everything. >> the driver of the van was rescued after the collision sparked a small fire. no word on if any charges will be filed. >>> d.c. police say they think the murder of brian betts is not random and it is likely he had some connection to the killer. the lack of details has left his neighbors in silver spring worried. >> we are taking more precautions now. we are considering getting an alarm system now. pretty nerve wracking. >> the investigation now cents are on two key pieces of evidence, betts' home, his blue suv that was taken th
this time. >>> moving on, it could be the smoking gun attorneys suing toyota needed. an internal e-mail obtained by cnbc showing a senior toyota executive warned the automaker to "come clean" about faulty accelerator pedals. phil lebeau covers the auto beat and just about everything else for cnbc, is live in chicago. phil? >> reporter: and david, this is the so-called smoking gun memo, although that might be overstating it a bit. it was a memo send by irv miller, who retired from toyota, a lead executive of toyota, from january 16th. here's the note in the memo getting the attention, revolving around whether or not they should alert the authorities about pedal defects. it says, "the time to hide on this is over. we need to come clean, and i believe that jim lentz and yoshi inaba were on the way to d.c. for meetings with nhtsa to discuss optioned." the so-called "come clean" e-mail sent five days before nhtsa was alerted of a recall from toyota of 2.3 million vehicles with faulty gas pedals. remember, last week, toyota was fined $16.4 million by the d.o.t. because it was slow in ena
: check it out. if you thought the negative news surrounding toyota would hurt the company, guess again, u.s. auto sales surged 40 percent in the month of march, powered by some of the deepest discounts ever in the wake of millions of recalls, a lot of financing for five years, free. toyota execs saying some of the incentives will continue, including what i mentioned, zero percent financing, and an offer of free maintenance for return toyota customers. the buy-in is good, huh? martha: wasn't expecting that, right? >>> one of the big questions on the peoples' minds, is the economy, is it getting better really? here's what we know, 439,000 new jobless claims this week, that's the number we follow every week, that one dropped by 6000. that's a good thing, it's been dropping in fact for several weeks by small increments. but the question today, how does this set us up for a very big number the white house is going to watch closely, wall street is going to watch closely, the all-important jobs report. meanwhile, overall, 11.1 million people have filed unemployment claims in this country. that i
. "consumer reports" issued a safety warning on toyota's 2010 lexus gs 460 suv because of an increased roll-over risk during a turn. the magazine says it uncovered the problem during routine tests and is urging car shoppers not to buy the gx 460 until this problem has been remedied. toyota owns lexus. it's the first time the magazine has issued a don't-buy recommendation on a toyota product. toyota says it will try to duplicate the "consumer reports" test to determine if appropriate steps need to be taken and that consumer safety and satisfaction remain their highest priority. so that's the lexus suv. the gx 460. >> more problems for toyota. >> bleeding over into lexus, which is the one place that the damage has been contained had never been smearing on lexus until now. it's terrible. >> andrew, by the way, you wrote an article today in "the times" talking about how the banks have actually paid back their money. correct? >> you know, it's absolutely right. i wanted to take a look at the idea that maybe these bailouts, in their own way, have worked, from a mathematical perspective. we're now
, thankfully. >>> there is more evidence that toyota knew about a sticky accelerator before february. the feds are charging them a fine for knowing about a problem that could effect more than 2 million vehicles. according to documents obtained by the associated press, days before the recall was issued, a vice president for public affairs warned the company, it was time to come forward about the safety issue. irv miller wrote in an e-mail, quote, we're not protecting our customers by keeping this quiet. the time to hide on this one is over. we need to come clean. toyota's new chief for quality in north america says the company could have done better, and will. >> because we're not perfect. and we -- we didn't share the experience that we had in europe. we didn't know about it in north america. that's what we're putting these processes in place. we are looking for our weak points. we are looking for -- where we need to improve. and that's why i believe these six points that toyota has put upon us, his direction, is going to make us a stronger and better company. we have never said we were perfec
. >> exactly. let's do a couple of headlines on a thursday. toyota says it's conducting safety tests on all s. u.v.'s after "consumer reports" issues a rare do not buy rating warning that the 2010 lexus could roll over. temporary has temporarily suspended sales of the s.u.v. and a recall is being considered. they are testing the s.u.v. and working to correct the stability problem. toyota is trying to avoid the criticism it faced earlier when it was accused of not acting quickly over the gas pedal and other problems. president obama isn't getting very far selling his financial reform bill to congressional republicans, at least. after a meeting to the white house on the topic, senate minority leader mitch mcconnell said the president was simply creating an ongoing bailout system. >> if you look at it carefully, it will lead to endless taxpayer bailout of wall street banks. that is clearly not the direction the american people would like for us to go. >> and house minority leader john behnor complained that if it was his goal, that isn't the way to do it. >> in a time when small businesses are
.com/shep. another recall for toyota today. the automaker announcing it will bring in nearly 10,000 suvs to repair a problem that could cause rollovers. last week the magazine "consumer reports" gave a rare don't buy rating to the new lexus gx 460. toyota owns the lexus brand. also today toyota agreed to pay a fine of $16 million for failing to tell the u.s. government about problems with accelerator pedals. according to the associated press, that's the largest fine any automaker has ever paid to the government. the company released a statement denying that it broke any laws. president obama is headed here to new york city to make his case for wall street reform. democrats say it will protect americans from financial shenanigans. but republicans claim it will guarantee more taxpayer bailouts. we are live at the white house to separate. remember that miracle at the mines in china? 115 or so people rescued after eight days? the question now is was it really a rescue? notice anything particular about that picture in the cube? look at the man who is supposedly been in the mine for eight days. guess he
buried the lead, because there's big news about toyota. >> the toyota news, this is an estimate. it's estimated that their sales went up 37 percent year over year. megyn: how can that be? >> i think that's a great question. you know, they had all these impairments, right? bad publicity, having to recall cars. guess what, toyota customers are loyal, what's more, they're getting a lot of incentive money to buy. there have been fantastic deals in the marketplace consumers turn on to, whether it's zero percent financing, money back offers, you name it, it's out there. as one analyst put it to they, maybe it's not the best deal in the world but the consumers hear it and they think it is so they make buying decisions anyway. megyn: well, that's good news for toyota at least, gerry willis, thank you very much. >> my pleasure. megyn: new reaction coming in from conservative author karl rove, fox news contributor, about the run-in with the ladies in pink. you may have seen the confrontation at a rove book signing in california, hecklers from the left wing antiwar group code pink was armed wi
surged last month led by toyota, the embattled automaker's sales soared 41% thanks to its most generous incentives ever. overall sales were the highest since cash for clunkers. ford up 40%, gm rose 22% but chrysler slipped 8%. >>> quiet overseas stock markets. tokyo's nikkei average gained nearly 0.4% today, however, markets are closed in hong kong and also in london. wall street will be closed today, awell. however, the dow did gain 70 points yesterday and the nasdaq added almost 5 points. >>> well, the wait is almost over. the ipad finally goes on sale tomorrow morning at 9:00 and if you're hoping to get your hands on one you may want to get in line early. at least one analyst expects them to be sold out by the afternoon. the early reviews are certainly adding to the growing frenzy, though. >> it might replace your kindle. it might replace your portable game machine and it might replace your laptop. the company has lived up tomost of the hype. >> i think we're going to have something replace with what we do with computers and the ipad really given apple's track record has as good a sh
%. >>> another recall for toyota. monday it was the 2010 lexus gx460, a luxury suv that consumer reports warned last week was a safety risk. >>> and finally he may have been unable to tell a lie, but apparently that didn't stop founding father george washington from forgetting to return library books. records uncovered recently at new york city's oldest library show the nation's first president technically owes 220 years worth of late fees. that's about $300,000 on two books he never returned. the library says they're going to waive the fine, but they do want the books back. >>> well, the great eight leads the caps. the nuggets clash with the jazz. and time-out for fun in baseball. king james rocks the house. your early morning sports headlines are straight ahead. >>> in your tuesday weather, a big storm system for the west coast and showers in the southeast. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, last night lebron james and the cleveland cavaliers took the next step towards what they see as th
, wane a bit. >>> the headaches are piling on for toyota. the automaker that has been slammed with recalls now says it's temporarily halting sales of its lexus gs 640. consumer reports found in its test that the vehicle's electron electronic stability control took too long to kick in when making sharp turns. the magazine says that can lead to rollover accidents. >>> and now here's a look at some other stories making news early today in america. in oklahoma police are searching for a suspected burglar who broke into a drugstore and left a blooper tape in his tracks. surveillance video captured the suspect who came in through the roof, trying to flee the same way, and falling from the ceiling at least six times. >>> in virginia, mall-goers were in for a surprise when a disoriented deer crashed through the window of a coffee shop and then ran into the shopping center. security cameras captured the animal dashing through the halls, but unfortunately the deer did have to be put down due to the injuries it sustained. >>> and in arizona a woman and her shep period are turning crime-f
. >> reporter: so, how did ford change its car and its business? ironically, ceo alan mulally, used toyota as his model as he turned ford around. >> every vehicle would be best in class, in terms of quality, fuel efficiency, safety, smart design and very best value. >> reporter: to get there, ford went back to the drawing board, designing sturdier, safer cars. it added more testing to each step of the assembly line. and marketed the changes relentlessly. >> look at you talking me into a ford. >> i know. you should really try it. >> they went head-to-head with the impulse on quality, which is something they avoided a few years ago. >> reporter: "consumer reports" now finds 90% of ford average or better in reliability. in crash tests, ford models share top safety rates. american consumers are finally taking notice. and not just with ford. giving u.s. automakers, new respect for the first time in years. look at the change in the matchup with asia. four years ago, the united states ranked behind japan. today, u.s. cars are ahead. >> it's an incredible turnaround. i mean, who would have believe
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. down 8% compared to march of '09, with us, gerri willis. >> for toyota it was terrible. can you imagine worse headlines? they came back with incentives. if you bought a toyota you might get cash back or zero percent financing. you will see it show up in the earnings numbers. >> shepard: why are ford and gm up so much? >> they played the incentive games but ford extended product line and they have a lot of cars. you knew them for trucks. the ford f150 but taurus, fiesta, fusion, they have new versions and people are responding. mileage is up too. 40mpg. >> shepard: on what? >> on the taurus and the fiesta. >> shepard: that's a high number. >> big numbers and people are responding. >> shepard: what's wrong with chrysler? >> they didn't do incentives. >> shepard: are they in trouble? >> they have been for a long time. >> shepard: real trouble? >> they've lagged and they've gotten smaller. you wouldn't recognize them at all. they have had a hard time with the incentive game. >> shepard: i never heard about mercedes and bmw. they're working on a different crowd? >> everybody was up across th
in iraq. >>> toyota is recalling thousands of 2010 electric lexu. that's the vehicle "consumer reports" issued a safety warning about last week. >>> the white house says president obama will deliver the eulogy at a memorial service on sunday for those 29 miners who died this month in west virginia. >>> dorothy height, a key 1960s civil rights activist, died this morning. she was the matriarch of the civil rights movement working alongside reverend martin luther king jr. and others. speaking with nbc news, she answered a question about her message for young people. >> people are struggling for jobs and freedom. we're going to have to make the laws work. >> and when that day comes? >> and when that day comes, we'll be able to say as dr. king said, we're free at last. >> dorothy height was 98 years old. >>> it is now 9:05. now let's get another check of the weather from al. >> what a tremendous lady. >>> let's show you what's going on as far as your western's concerned. jet stream band of air 20,000 feet above the earth's surface, still coming across iceland, across the atlantic and into
troubles for toyota this morning of the struggling motor company will recall the 2010 lexus gs 460 because of possible rollover problems according to a transportation official. the recall comes after consumer reports rated the suv a rare "don't buy" last week. toyota sold 6,000 of those vehicles since it went on sale in december, all of which will be included in the recall. >>> the crew of the space shuttle "discovery" back on solid ground. the landing was scheduled for yesterday canceled because of rain. more rain and fog delayed this morning's return as well but the skies broke just long enough for "discovery" to return to earth. a picture perfect landing. the astronauts went 6 million miles on the trip to the international space center before the homecoming at kennedy space center. >>> today is april 20th, in some circles 420, a reference to marijuana. coincidentally cnbc out with a new poll on pot. 55% of people polled opposed legalizing pot, 33% favor it. let's get more details from trish regan. different numbers but a gender gap there, right? >> reporter: yes, there is a gender gap.
, baltimore city is going green and getting rewarded for it. >> and toyota issues another recall and agrees to pay major fines to the government. >> we all know about addictions to things like smoking and alcohol, but indoor tanning? believe it or not, it is a growing disorder. >> there is something that happens in the body that causes a problem >> and most women try to make it look pretty, but your nails can also tell you a lot about your health. >> and a for alarm fire over the weekend in an historic downtown annapolis. annapolis. ♪ ♪ do, do, do it together ♪ do, do it together ♪ ♪ it's all right, it's all right ♪ ♪ do, do it together ♪ do, do it together ♪ it's all right, it's all right ♪ ♪ it's all ri-i-i-ght [ female announcer ] cruises from baltimore and new jersey. visit royalcaribbean.com today. cracks whip -- >> we want to go back up to captain roy taylor. the accident has now turned deadly, right? >> yes, it has now turned into a fatal accident. a southbound interstate 95 just south of 32. the problem is going to be traffic. anyone making their way south down
. >> other stories new this morning at 14 minutes past the hour. toyota's faulty gas pedals bring on the largest fine ever imposed to the auto industry. the automaker is expected to agree to pay the government more than $16 million for waiting four months before reporting problems. >> you'll love this. five major airlines backing off plans to charge passengers for carry-on bags. spirit airlines recently announced a $45 fee to store bags, yes, in the overhead bins. chuck schumer got involved. he got delta and jetblue to promise they will not follow suit. he is meeting with spirit's ceo tomorrow. >> we actually had him on the show and talking about that whole thing and christina did a little breakdown of what you're getting when you fly these days. >> unbelievable. >> but we're talking about goldman sachs and the sec accusing this huge bank of fraud. >> a fraud charge for goldman sachs, a company that has minted money over the past 15 months, a company that took bailout money over a year ago, now charged with fraud by the sec. this story is just getting started. the drama started to
, new york city mayor michael bloomberg on the set of "morning joe." >>> and toyota accepts responsibility for the accelerator problems. plus, sports. we are going to be right back on "morning joe." [ whistling ] [ dog barking ] [ sniffing ] [ male announcer ] missing something? like 2 pairs of bifocals for $149.99 at sears optical, with progressive lenses for just $25 more per pair. hurry in to sears optical today and don't miss a thing. to finish what you started today. for the aches and sleeplessness in between, there's new motrin pm. no other medicine, not even advil pm, is more effective for pain and sleeplessness. new motrin pm. >>> all right. a live shot from the top of the rock. looks like a nice day in new york. >> he is doing the same -- i've always been a frank ridge fan. no secret to my conservative brethren, but over the last year or two, there are times when he's extraordinarily insightful and there are times when he reads like a left-wing blogger. going back to see what the richmond post dispatch said in 1863 or whatever he did, it was -- it was just sort of m
to 11,000. >>> and the tale of two automakers. toyota and ford are both expected to post monthly sales profits. and whether you're waiting for a shipment or waiting online, the ipad frenzy is under way. we'll check all the hype, next on cnbc. ♪ as you can see, this isn't your typical midwestern farm. the reason lies six thousand miles away... in japan, where a producer of specialty eggs needed corn for feed... grown to precise standards. cargill identified the producer's needs, then introduced an illinois farmer to grow the exact corn needed... and developed a system to ship it separately, connecting the farmer with a japanese customer... who was very appreciative. this is how cargill works with customers. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big
. tomorrow -- five weeks. tomorrow will see the key march employment numbers come out, and toyota sales are booming in japan, up 50% last month. ford sales in china and local partners there, they jumped about 84% in the first quarter. let's get to eric bolling from fbn. what's going on here? >> well, initial claims which is the weekly number, they dropped 6,000 so that means 6,000 fewer people than the last week applied for unemployment insurance. that's the good news. a little bit more good news, tomorrow it looks like most analysts and most economists expect jobs to be created for the month of march. that's only the second time a month had job creation and last time was a year ago march, 64,000 jobs were created, and we've seen just month after month of job losses. so tomorrow the expectation is anywhere between 175,000 jobs created and 200,000 jobs created. the other piece of good news. now a little bit of the bad news, a lot of that job creation tomorrow ising with attributed -- being attributed to two major factors. number one, the census. the census has hired hundreds and hundreds
last year. toyota, honda and gm reported gains. ford sales up 43%. toyota was behind with 41% sales increase. honda and gm both reported increases of just over 20%. chrysler was the one dim spot with sales falling about 8%. >> active volcano in southern iceland is getting bigger and the images more spectacular. new brake is about 300 yards long and it opened up yesterday. producing new fountains of hot lava. geologist space it is not proving a threat prove ing a it is something to see. >> really incredible. beautiful. >> especially at nighttime. quite beautiful. >> i told you new york made both the lists. they didn't. they were the ones that paid proportionately less than the other states. >> okay. punishment is you have to fill out your census form. meanwhile, veronica will do the weather while do you that. >> you can probably get it done, barbara in three minutes. don't worry about it. >>> one of my favorite times of the year. i don't know about you but spring -- so nice out there today. with low humidity and the morning temperatures across the area, there is our gorgeous shot. to
.s. and iraqi officials are calling their death a major blow to the militant group. toyota has agreed to pay a record $16.4 million fine to settle claims that it hid a gas pedal defect from federal highway safety regulators, but the company denies it did anything wrong. separately today, toyota said it will recall more than 9,000 of its 2010 lexus gx sport 460 suv. what do you think? is this an actual iphone prototype or is it a scam? the tech website that posted these photos is not saying how it gold a hold of this device, but over the weekend, another website said someone found this phone on the floor of a bar in san jose. maybe an apple employee left it behind? apple hasn't confirmed that a new version of its iphone even exists. and a new study shows that women find steady-voiced men more attractive than men whose voices vary in pitch. the researchers said they found men who speak in monotone had more sexual partners possibly because their voices exude authority and confidence. so now we know what urkle's problem was. >> thanks, joe. still ahead tonight, keeping them honest on wall street
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